CALGARY, Nov. 13 /CNW/ - Jasper Mining Corporation (the "Company") announces that due to market uncertainties it is amending the News Release dated October 27, 2008. The non-brokered private placement is amended to allow up to 8,928,570 flow-through units at $0.28 per unit for a total amount of up to $2,500,000. Each unit will consist of 1 common share and 1 common share purchase warrant with a term of 18 months, and an exercise price of $0.75. The flow-through common shares and warrants will have a hold period of four months.
The private placement will result in the issuance of up to 8,928,570 common shares, and up to 8,928,570 share purchase warrants.
A finders fee of 6% will be payable to First Merchants Capital Inc., and First Merchants Capital Inc., will be granted a finder's fee option equal to 4% of the total number of units subscribed for, at an exercise price of $0.50 with a term of 18 months.
This News Release is being issued in accordance with TSX Venture Exchange procedure which requires a News Release be made that discloses the material details of the private placement.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.